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20121222
20121230
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to get to the next level. exploration and production companies and energy that have done well and need capital. you can raise it or you can join forces with somebody else. very often the decision is to merge and not raise capital and take that risk. >> susie: and in tech what should they look for. tech is such a huge area we have a few seconds left what are your thoughts? >> look at the base companiesand the peripherals they need. the kind of service that's county of victoria to their -- connect to their base line services. >> thanks bob have a greatweekend. bob pro profusek. >> susie: the price of gold fell slightly today, as the fiscal cliff drama in washington continues to weigh on markets and confidence. gold slipped almost $8 to $1,655. for the year, gold is up about 5% half the gain in the s&p 500. but as erika miller reports some gold bugs believe next year will be far better for the precious metal. >> reporter: if you got gold jewelry as a holiday gift, it may be more than something beautiful to wear. it may also prove to be a shining investment. some gold traders think the yel
. >> reporter: mike dickinson works for noble energy, which is doubling its production in weld county. this oil field stretches from colorado into wyoming. in 2008, it produced 83,000 barrels of oil, yet this year it is expected to reach nearly ten million barrels. how different is the technology that we're seeing here today versus what you were doing out here a couple of years ago? >> it's unrecognizable today compared to what we were doing just two or three years ago. >> reporter: oil companies used to mainly drill vertical wells, hitting one pool of oil. but now they are rapidly converting to horizontal wells up to a mile long and combining them with fracking operations which split open rocks, releasing oil once considered out of reach. and one drilling rigs can now install multiple wells in one location, making it more cost- efficient. a horizontal well produces seven to ten times more oil than a vertical well. >> today, we're not running any vertical rigs, and we're running eight horizontals. >> reporter: so this really is the future of what you're doing out here. >> it is. >> reporter: th
very much energy, but his doctors are said to be "cautiously optimistic," and they believe they have all of his health issues in hand. jim. >> axelrod: thank you, bob. the news is better for south africa's former president, nelson mandela. he was released from the hospital today. mandela, who is 94, is being treated for a lung infection. he's had a history of lung problems since contracting tuberculosis during his time in prison while fighting apartheid. mandela will now receive home- based treatment in johannesburg. what happens when kids have to face cancer when there's a shortage of drugs? and volunteers who battled fire during sandy band together for another rescue, when the "cbs evening news" conditions. h paci. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. but with advair, i'm breathing better. s
, a very lrong piece of energy diving south with the jet stream. we'll have a southwesterly wind flow and that twisting and hurning in the atmosphere is theably going to start turning obably gthese thunderstorms, we may see numerous tornados and some could be strong tomorrow. may >> glor: what's the latest on ate snow moving west-to-east? >> that's the big story on the st-to-ea side of the system. igoks as though we'll see a very ughe swath of heavy snowfall. that will be good news on wiristmas day for folks expecting a white christmas in little rock and oklahoma city expectin is going to turn into a travel nightmare as the system ikes its way up through the hrough tley into the great lakes and interior portions of the reat east. the places will see one to two feet of snow. specially upstate new york and especial pennsylvania. >> glor: jeff berardelli, thank you. the bad weather made things more yo difficult for last-minute madeers. peonsumer reports" estimates 17 million of them went to stores ooday. will they help retailers make up e upa lackluster season? here's john blackstone. >>
Search Results 0 to 3 of about 4